DeFi Daily

Ethereum Steps Closer to Shanghai

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Crypto Crackdown
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DeFi Explainers

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News

Ethereum Upgrades

Ethereum Takes Big Step Closer to Shanghai Upgrade

Devs Deploy Shadow Fork to Support Staked ETH Withdrawals

By Samuel Haig 

ETHShadowFork

Hitting a milestone on Ethereum’s next upgrade, the network’s devs on Monday deployed a shadow fork supporting staked ETH withdrawals.

Read the full story in The Defiant


Crypto Crackdown

SEC Charges Alleged Mango Exploiter With Market Manipulation

Agency Calls MNGO a “So-Called Governance Token” and a Security

By Aleksandar Gilbert 

AviEisenSECCharges

The U.S. Securities and Exchange Commission has charged infamous degen Avraham Eisenberg with market manipulation that cost Solana protocol Mango Markets $116M. 

Read the full story in The Defiant

Sponsored Post

Which platform delivered tens of millions to investors in 2022?

In the same year that everyday investors lost a whopping $350 billion, Masterworks had its best year yet – really. Their 9 art sales returned $25.8 million to investors, a record amount. Talk about a Happy New Year… 

So, what did investors do with their cash? Charter a yacht in Ibiza? Finally close on that Alpaca farm? Maybe save a little? Naaah.

Either way, Masterworks wants to do the same thing for you. This fintech investing platform is unlocking an asset class that was once available only to billionaires. 

To kick off the new year, Masterworks is inviting The Defiant readers to open a free, no-obligation account today. Isn’t it time you check them out?

“Net Return” refers to the annualized internal rate of return net of all fees and costs, calculated from the offering closing date to the date the sale is consummated. IRR may not be indicative of Masterworks paintings not yet sold and past performance is not indicative of future results. See important Regulation A disclosures at masterworks.com/cd. 

DEXs

Uniswap to Deploy on BNB Chain

UNI holders Vote to Deploy V3 of No. 1 DEX on Ethereum Rival

By Samuel Haig 

UniBNB

Uniswap, the No. 1 decentralized exchange by trade volume, is poised to deploy for the first time on a major competitor to the Ethereum ecosystem. 

Read the full story in The Defiant


DeFi Lending

Paxos Proposes To Deposit $1.5B Of USDP In MakerDAO

Deal Could Generate $70M Annually For Maker

By Owen Fernau  

PAXOSMKR

Paxos, a multi-pronged financial infrastructure company which issues crypto’s seventh-largest stablecoin, is looking to make a deal with DeFi’s oldest lending protocol. 

Read the full story in The Defiant


Layer 1s

Canto Rallies After Variant Discloses Stake

Ethereum-compatible Layer 1 is the Fifth-Largest Blockchain on Cosmos

By Aleksandar Gilbert 

CANTOPump

Investors have flocked to Canto, a nascent blockchain, this week after a prominent crypto venture fund disclosed it had taken a position in the project.

Read the full story in The Defiant

Defiant Video

Podcast Video

An Inside look into Solana After FTX’s Collapse

DeFi Explainers

What is Unit Protocol?

A Primer on the Stablecoin Collateral Tool

By Rahul Nambiampurath 

WhatIsUnitProtocol

Due to the inherent volatility of the crypto market, stablecoins are instrumental in transferring on-chain value and securing loans. 

Unit Protocol is a decentralized finance (DeFi) protocol that mints USDP stablecoins by collateralizing them with multiple tokens. Investors then use USDP to issue stabilized loans, without having to worry if the value of the collateral will go down overnight.

Read the full explainer in The Defiant

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